MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 11.1% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price traded down 11.1% during mid-day trading on Tuesday . The stock traded as low as $137.33 and last traded at $137.77. 356,105 shares traded hands during trading, a decline of 66% from the average session volume of 1,052,935 shares. The stock had previously closed at $155.00.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 21.92 and a beta of 1.82. The business’s 50-day moving average price is $213.72 and its two-hundred day moving average price is $258.06.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

About MicroSectors Gold Miners 3x Leveraged ETN

(Get Free Report)

The MicroSectors Gold Miners 3X Leveraged ETN (GDXU) is an exchange-traded fund that is based on the S-Network MicroSectors Gold Miners index. The fund provides 3x daily leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. GDXU was launched on Dec 7, 2020 and is issued by REX Microsectors.

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